Portfolio Company Update – Innovative Eyewear Inc

Tekcapital plc

19 October 2026

 

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  19 October 2026

Tekcapital Plc

("Tekcapital", the “Company” or the “Group”)

Innovative Eyewear, Inc. Receives

TIME’s Best Inventions of 2026 Award

Tekcapital Plc (AIM: TEK), the UK intellectual property investment group, notes that its portfolio company Innovative Eyewear, Inc. (“Innovative Eyewear”) (NASDAQ: LUCY; LUCYW), the developer and manufacturer of smart eyewear under the Lucyd®, Lucyd Armor®, Reebok®, Eddie Bauer® and Nautica® brands, has announced that its Reebok sport smart eyewear collection has been named one of TIME’s Best Inventions of 2026.

Reebok Smart Eyewear Powered by Lucyd.

Image courtesy Innovative Eyewear, Inc.

The Reebok sport smartglass collection from Lucyd is a lineup of ten styles of smart eyewear designed with the outdoor athlete in mind. Innovative Eyewear highlights the following notable features of the collection:

• It is the first Lucyd collection to use a comprehensive new audio system built with cutting-edge speaker components, designed to be loud and clear enough for the gym or a run on a windy day.
• Adjustable, rubberised nosepieces and ear grips minimise slippage.
• Connection to the Lucyd app provides Walkie-talkie features for team sports or for connecting with a running group or trainer.
• Stylish lens vents help prevent fogging.
• Polarised and light-adaptive models are available.
• All versions of the Nitrous model are fully prescription adaptable.

Harrison Gross, CEO of Innovative Eyewear, said: “We were pleasantly surprised to receive another major design award so soon after acquiring our first Red Dot for Lucyd Armor. TIME’s Best Inventions awards are a strong indication of product-market fit and design quality. It’s a testament to the world-class team we have built at the Company, which is punching well above its weight when it comes to producing world-class smart eyewear. We think this speaks to the incredible ability and dedication of our team. To put it bluntly, if you are in the eyewear or electronics business today, you should be carrying Lucyd products.”

View the award here. The Reebok collection is available now at www.lucyd.co, with or without prescription.

About Innovative Eyewear Inc.

Innovative Eyewear is a developer and manufacturer of AI-enabled smart eyewear under the Lucyd®, Lucyd Armor®, Nautica®, Eddie Bauer® and Reebok® brands. True to its mission to Upgrade Your Eyewear®, its Bluetooth audio glasses allow users to stay safely and ergonomically connected to their digital lives and are offered in hundreds of frame and lens combinations to meet the needs of the optical, sunglass, sporting goods and safety eyewear markets. To learn more and explore its continuously evolving collection of smart eyewear, please visit www.lucyd.co.

About Tekcapital plc

Tekcapital creates value from investing in new, university and corporate developed discoveries that can enhance people’s lives. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com.

On 6 of August 2026 Tekcapital reported its 2026 H1 results. For the six months ended 30 June 2026 net assets rose to US$201.7 million, up from US$55.1 million at 31 December 2025, lifting net asset value per share to US$0.78 from US$0.27. The Company's investment portfolio was valued at US$191.4 million at the period end, compared with US$46.9 million at 31 December 2025, and generated US$145.5 million in portfolio returns and revenue for the first half of 2026, against US$6.1 million in the first half of 2025. Profit after tax was US$144.8 million, versus US$5.4 million in the prior half-year period, while operating expenses fell 7.3% to US$0.69 million, reflecting continued cost discipline.

Tekcapital currently owns 259,455 shares of Innovative Eyewear, Inc. (NASDAQ: LUCY), representing approximately 5% of the company’s share capital.

For further information, please contact:

Tekcapital Plc		Via Flagstaff
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP (Nominated Adviser and Broker)		[phone]
Matthew Johnson/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees (Corporate Broking)
Flagstaff Strategic and Investor Communications		[phone]
Tim Thompson/Andrea Seymour/Fergus Mellon

Forward-Looking Statements

This announcement contains certain forward-looking statements, including those relating to product awards and the anticipated market reception of the Reebok smart eyewear collection. Forward-looking statements are based on Innovative Eyewear’s current expectations and assumptions. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, “anticipate,” “believe,” “continue,” “estimate,” “expect,” “future,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Neither Tekcapital nor Innovative Eyewear undertakes any obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in Innovative Eyewear’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K under the caption “Risk Factors.”

 

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